149: How to Create 8 Streams of Income for Financial Freedom

Imagine having your money work for you 24/7, becoming your best employee, and creating a life rich in both wealth and gratitude. Sounds amazing, right? Well, today's episode of Live Life Rich is all about helping you master your finances and explore the eight streams of income everyone should consider for their portfolio. Inspired by a quote from Oprah Winfrey, Marissa also talks about the importance of gratitude and how it relates to our financial lives.

Listen in as Marissa breaks down each of the eight income streams and provides tips for making your money work harder, so you can live a richer, fuller life. If you're ready to take control of your financial future and create a life overflowing with abundance and gratitude, this episode is for you. Plus, find out how joining one of Marissa's mastermind groups or learning more about her one-on-one mentoring can help you make 2022 the year you truly live life rich!

In this episode, you will hear:

• Explore eight essential income streams: earned income, profit income, interest income, residual income, dividend income, rental income, capital gains income, and royalty income.
• Consider diversifying investments across these income streams for a more stable financial portfolio.
• Ask three crucial questions when investing: What is required of me? Where is my greatest return? Where do I get my greatest reward?
• Focus on gratitude and living a fulfilling life alongside financial success.
• Seek mentorship from experts in money management and wealth-building.

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Supporting Resources:

https://marissanehlsen.com 

Facebook: https://www.facebook.com/marissa.nehlsen

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Standard of Living Budget Worksheet: https://marissanehlsen.com/standard/

Bulletproof Your Business: https://marissanehlsen.com/bulletproofyourbusiness/

Get my "15 Ways to Create Cash in Your Business" download: https://15stepstofreedom.com

Join the Live Life Rich Community Facebook group: https://www.facebook.com/groups/liveliferich/

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know I sent you.